Hampidjan paid EUR 4.14 million for Kohinoor: what it means for Hampidjan stock
Published on 10/14/2026 at 01:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKohinoor investment and expansion
- Hampidjan paid EUR 4.14 million to complete the Kohinoor earnout on October 1, 2026.
- Kohinoor generated EUR 6.20 million in fiscal 2026 EBITDA against a EUR 3.67 million deal basis.
- The planned Auric production site in India will cover 59,200 square meters when complete.
Hampidjan had paid EUR 4.14 million to the sellers of Kohinoor Ropes on October 1, 2026, after its 75.10 percent acquisition stake met the earnout conditions, according to GlobeNewswire. The payment followed stronger operating performance at the Indian rope maker and gives investors a concrete test of the acquisition strategy.
Kohinoor clears its earnout hurdle
The earnout required combined EBITDA above EUR 9.97 million for fiscal 2025 and fiscal 2026. Hampidjan said Kohinoor generated EUR 6.20 million of EBITDA in fiscal 2026, compared with the EUR 3.67 million EBITDA used as the purchase basis in the October 1 release, a calculated increase of 68.94 percent.
The EUR 4.14 million payment equaled EUR 2.07 million for each of the two earnout years. Vísir reported on October 2, 2026 that the payment reflected Kohinoor performance above the expectations set at the time of the purchase.
What does Auric mean for growth?
The same company release described a 28,000-square-meter production facility at Auric in India, with fish-farming cage production planned to begin later in 2026. A second building and office and service facilities would lift the site's total planned construction area to 59,200 square meters.
Hampidjan's stated plan is to shift part of production from Lithuania to India, with the transferred operations targeted for full production in 2028. That timetable makes execution at Auric the next measurable counterpart to Kohinoor's completed earnout, rather than a simple acquisition accounting item.
Nasdaq Iceland price stays above yearly low
Hampidjan's last quoted price on Nasdaq Iceland was ISK 84.00 on October 13, 2026 at 3:29 p.m. UTC. The price stood 1.82 percent above the ISK 82.50 52-week low and below the ISK 125.00 52-week high, while market capitalization was ISK 52.6 billion.
Hampidjan key facts
- Company: Hampidjan hf.
- Ticker: HAMP.IC
- Primary exchange: Nasdaq Iceland
- Last price Nasdaq Iceland (as of October 13, 2026, 3:29 p.m. UTC): ISK 84.00
- Market capitalization: ISK 52.6 billion (as of October 13, 2026)
- 52-week range: ISK 82.50-125.00 (as of October 13, 2026)
- Sector / Industry: Industrials / Conglomerates
